Answer:
the answer depends on which type of interest we use:
- simple interest rate = 24%
- compound interest rate = 26.82%
Step-by-step explanation:
the interest rate paid for holding the cards one month 1/50 or 2%.
to convert 2% monthly interest rate to a simple annual rate:
monthly rate x 12 months = 2% x 12 = 24%
now to convert 2% monthly interest rate to an annual rate (using compound interest):
- = (1 + r)ⁿ - 1
- = (1 + 0.02)¹² - 1 = 1.2682 - 1 = 0.2682 or 26.82%
in compound interest, earned interest earns even more interest by itself besides the interest earned by the principal.
Answer:
70/3 πcm
Step-by-step explanation:
hope this helps
Answer is A and C because they equal to 3(10-c)
Answer:
x=6
Step-by-step explanation:
you need to get x alone so you divide by 3 on both sides
hope this helps!!! :)
example:
3x/3= 18/3
x=6
The answer it b your welcome
